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the affordable care act on the table in fiscal cliff negotiations. congressman elijah cummings will respond. papa john's plays politics with pizza and the people fight back. >> no, no, no, no. >> we'll tell you about the pizza maker's face-saving move. and republicans never rest. ohio senator turner on the effort to block the vote in 2016. >>> and political comedian, baratunde thurston on how to talk to this guy at thanksgiving. ♪ i want my country back, country back, country back ♪ . >>> good evening, folks. thanks for watching. someone needs to sit down with the republicans and explain to them how negotiations work. when you have no leverage, you don't get to make outlandish statements and demands. house speaker john boehner recently called himself the most reasonable man in washington, but in an editorial for the cincinnati enquirer today, boehner took the very unreasonable position of including obama care in debt negotiations. "the president's health care law adds a massive, expensive, unworkable government program at a time when our national debt already exceeds the size of our country's
'll try to use that in the fiscal cliff negotiations to put the health care provisions and try to water them down. the business owners who are against it are going to use this leverage saying it's costly for us. we'll pass it on to employees. to troy to sort to sway public opinion. i think the obama administration on the other hand will do their own campaign to get the word out and for those supporters and uninsured who support this, here's how you sort of lobby for it. i think it's going to be in the next battlefront. >> but if you think this is sort of an anti-working class vendetta, david, what are the likelihoods of these job actions being successful in stopping this? >> i don't know they're going to be able to stop it, but i think that it's a really complicated issue. we had an interesting story the other day who said the vast majority of people eligible for the health care reforms don't understand it. this is a problem that i think the obama administration faces. they'll have to go out and make a better opportunity in terms of publicizing what these changes mean, exactly how it af
it. >>> up next, our political power panel weighs in on the tough road ahead for fiscal cliff negotiations. and still ahead, the great holiday escape. tracking the best deals and discounts for your getaways. is it better to be the early bird...or the earliest bird? on black friday, it doesn't matter, as long as we end up here at 5 a.m., or at homedepot.com, starting thursday. where prices have been cut, chopped, and sanded... on the most powerful tools that cut. ...chop... ...and sand. so we, or somebody on our list, can do the same. more saving. more doing. that's the power of the home depot. the early bird gets a special buy on a ryobi two-piece lithium-ion kit, just $99. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after sto
as those fiscal cliff negotiations get under way. supporters are pushing lawmakers to protect social social security, medicare, and medicaid. the lobbiest with the defense industry they are also trying to fight spending cut backs. and the companies that make medical devices they are are trying to block new taxes from taking effect on their products because of the new health care reform law. a package of tax hikes and spending cuts known as the fiscal cliff will take effect in january unless congress can do something to balance the budget. >>> happening right now workers at walmart stores starting to walk off the job during the big holiday shopping rush. i want to take you to texas just got this in. workers walked off the job right as shoppers were getting ready to go into the store. other protests are planned in walmarts throughout the bay area. employees say they want walmart to pay better wages. while some say they will still shop at al port others say -- walmart others say they will support those workers. >> if they walk out, i'm not going to shop until they settle with them. you can bet
the fiscal cliff negotiations. mike morales the acting director has left. he is a strong favorite to remain there although the president's counterterrorism adviser john brennan a big candidate. >> just a slightly less serious note, apparently there's going to be some head shaving on the broadcast this week. >> a first on "this week." this is right. a great story, the top spokesman who had a bet, shawn spicer and brad woodhouse. whoever lost the election would shave their head. so this was shawn spicer was supposed to shave his head. he is the rnc spokesman and when brad found out about this, we're showing it, jon karl is doing the honors. he said he would join in and shave his head. >> he has no credentials for this. >> let's see how he does. the thing is it's for a good cause, st. baldrick's center. >> anyway, you'll be joining that helps kids with cancer so end up both shaving their heads on the show today to help kids with cancer. >> anyway, you'll be joining them? >> i'll help out the cause. >> all right, great to see you. george has a big show. actor/director ben affleck will be here a
has arrived in cairo. >>> fiscal cliff negotiations kick off this week. today two more republicans who previously refused to consider tax hikes are
in industry groups, they want to raise it as part of the fiscal cliff negotiation. that is a bad idea. first of all, we don't need another tax, period. it's just going to slow down the economy and damage consumers. second of all, it shut should be a state and local decision, not a federal decision. this is so important. yeah, bridges need to be upgraded and so forth, but, again, this is no time to burden motorists with higher gasoline prices that have more than doubled in the last four years and no time to burden consumers with another tax burden. now, there's one man in washington who is a true leader in the fight against out-of-control spending. what does they think about where the fiscal cliff talks are going? can he possibly be happy with all this talk about revenues and nothing about making spending cuts? we welcome back senator tom coburn about to join us next up on "kudlow." >>> tomorrow is the city is rising above the stalled economy. top companies that have outperformed the s&p. that's tomorrow on cnbc. >>> welcome back to "the kudlow report." i'm larry kudlow. in this half hour let
somebody more permanent more immediately. >>> a long, drawnout fiscal cliff negotiations aren't to go the market any favors. becky quick is here with the market rundown. becky, i'm just thinking, how is the market going to handle what i'm sorry to say is going to be a very repet it tiff next couple of weeks? none of the real deal making is happening. >> reporter: there's some serious issues out there. we had roger atman on the show. >> potential treasury secretary. >> reporter: a former deputy secretary. he said, look, we could be in for some really rough riding over the next several weeks. if you get up towards december 15 and beyond, if there's not a deal, his guess is the equity markets will react much like they did back during t.a.r.p. i don't know if you remember that but when the house was expected to pass t.a.r.p. it was brought to the floor and voted it down. the market's instantaneous reaction was to drop 800 points. he thinks we would see similar moves like that and that would be what would put pressure on both sides to kind of come together and come up with some sort of a d
of the key players in the fiscal cliff negotiations right here on "now" when senator patty murray joins us tomorrow at noon eastern. >>> and coming up after their romney nominee received just over a quarter of the latino vote republicans say they're ready to put up when it comes to comprehensive immigration reform. what are they doing about it? so far putting up a lot of window dressing. the display when telemundo's jose diaz-balart joins us ahead. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-
negotiations -- fiscal cliff negotiations. gene spellering, an adviser and rob neighbors. again, it will be timothy geithner taking the leading role. we expect behind the scenes the president himself is actively involved. we don't know of any additional meetings that will be taking place. yes, you know, you do hear from some republicans who are saying you know, where is the leadership from the president. they want to see the president more actively involved. the president will be hitting the road this friday to make his case for these middle-class tax cuts being extended for middle-class americans. for wealthy americans that pay more, sort of pushing his case. and as you pointed out, the president meeting with business leaders here at the white house tod today. harsh criticism coming from capitol hill, from senate leadership, republicans who say the president should be spending time negotiating with them, not campaigning on the road. listen to what mcconnell had to say today. >> it was with some concern that i read this morning that the president plans to hit the road next week
signaled that early on during that fiscal cliff negotiation, if he were to get re-elected, he sees at least a little bit of leverage there, if not a mandate to be able to go and campaign outside to put pressure on house republicans who might be thinking about maybe signing onto something but not totally sure if they will. use some of that outside pressure to try to sway them to be more open to compromise. >> all right. thank you. let me bring in maryland congressman, chris van hollen. thank you so much for your time. >> tamron, it's great to be with you. >> let me get your reaction to speaker boehner's words, and he said the target of the president's rally should be the congressional democrats who want to raise tax rates on small businesses rather than cut spending. your reaction, sir? >> look, the president is doing exactly the right thing. first of all, during the campaign he was crystal clear that if we take a balanced approach to reduce the long-term deficit, that requires a combination of cuts. it also means asking high income individuals to pay a little bit more. that was a key issue
progressive. >> eliot: for more on the fiscal cliff negotiations, i'm joined by congressman peter welch, democrat from vermont. thank you for joining us. >> thank you. >> eliot: what should the deal look like? all of the chatter, smoke and mirrors, what is the deal you would like to see? >> well, first of all, i do believe the middle class has a stake and a good, solid balanced, deficit reduction plan. the plan should be what the president campaigned on, namely balance. that means we've got to have a substantial contribution from revenues. the revenues have to come from the folks who have been making good money during the recession. that's folks over $250,000 or some number close to. that the pentagon's got to make a contribution and if there is anything on healthcare, it's gotta be about reforming it, bringing the costs down, not cutting benefits. >> eliot: let's drill down a couple of pieces of this. what do you think the underlying ratio should be between cost cutting and revenue generation. last summer it wa
into the fiscal cliff negotiations, my advice to the president would be... it seems like our friends on the other side are having some difficulty turning off the campaign. we need to sit down and work this matter out. i think we have a clear sense that there's an opportunity here at the end of the year to do something something important for the country. >> brown: at the same time there were some signs on both sides of the aisle that there might be a little give in previous positions. republican senator bob corker of tennessee outlined his proposal in the "washington post." he called for tax revenue increases, including a cap on itemized deductions coupled with curbs on social security and medicare benefits. corker joined several republican senators and house members who have suggested they might abandon a longstanding pledge not to raise taxes. but the author of that pledge, conservative lobbyist grover nor quist, played down any hint he's losing influence. he called it, quote, a complete media-created frenzy. on the left, democratic senator dick durbin of illinois urged liberal groups to give w
calls his outside in strategy when it comes to the fiscal cliff negotiations. instead of meeting with republicans behind closed doors the president urging the public to apply pressure on the gop. earlier today, the president met with middle class americans at the white house and urged house republicans to extend tax cuts. democrats say would benefit 98% of americans and 97% of small businesses. >> today, i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and just a few hours ago we found out the president will be hosting mitt romney for lunch at the white house tomorrow. it will be their first face to face since the last presidential debate and since governor romney accused the president of essentially buying the election. meanwhile, speaker boehner trying to keep the party's message united with taxes and pushing back against statements of gop congressman cole for republicans to fall in line with the president. >> i told tom earlier in o
for the middle class in fiscal cliff negotiations? text a for "yes," b for no to 622639. go do our blog at ed.msnbc.com. joining me tonight, congressman peter defazio of oregon. great to have you with us. how alarming do you think david plouffe's comments are? >> very concerned, ed. it's like the election didn't happen. it's kind of back to where the president was negotiating with the republicans when they had a stronger hand and threatening the full faith and credit of the united states of america and economic collapse. he won big about talking about taxing the upper income people. and you know, not hitting the middle class with more cuts and social security, medicare, medicaid. social security not a penny to the debt or deficit. medicare, he wants a quart of a billion over ten years, easy. let's negotiate prescription drug prices like every other advanced industrial nation in the world does. that saves a quarter of a billion dollars a year for med care. medicaid is a key part of obama i don't know and what mr. plouffe was talking about. i think he got the republican talking points mixed up
-- but hurry, the offer ends on. stuart: john boehner said he is optimistic that the fiscal cliff negotiations will speak successful. use the word optimistic. market coming back a little on that. as we told you earlier forbes saying that 11 states are in a death spiral. their words. don't buy house in the 11 states, don't invest in their municipal-bond. joiiing us from one of those states is scott kennedy in chicago, ill.. what do you make of that? >> i totally agree. i am not going to buy another house in this state ever again and as markets said, at some point we will run out of spending other people's money. we can support the maxes with the tax rate here and obamacare on top of that. we are in a death spiral and more people will be leaving the state. stuart: i think you are a lifelong illinois guy and you are saying you would never again buy house in this state? really? >> do you know what the real-estate taxes are here? astronomical land set to go higher so we are going to be taxing those who bought houses already. people are not going to buy any more but they can't rent either because no
reid. he said he was disappointed there has been little progress in the fiscal cliff negotiations the dow down 89 points. >>> shares of green mountain coffee though jumping after the bell. the company brewed up better than expected fourth quarter results. investors also cheered the company's new hire. david: fiscal 2013 forecast. >>> the xbox may be the gift of choice for many holiday shoppers this season. microsoft said it sold more than 750,000 videogame consoles during the black friday week. that outpaced nintendo's wii u which sold 400,000 units in the first week on u.s. market. microsoft reports that the windows 8 operating system registered 40 million upgrades since its launch october 26th. that's the latest from fox business network, giving you business network, giving you the power to prosper can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open ll night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou
of the so called "fiscal cliff" negotiations. today we are focusing on the bush-era income taxes. we're having a roundtable discussion in our last hour from a democratic and republican perspective on that. so stay with us. madeleine in thousand oaks, california, republican. caller: i am the wye fire the teacher. i feel i am an independent republican. -- i am the wife of a teacher. in california we feel we have too many administrators. the teachers need time to get further education and that should be demanded. there are teachers who should not be there. but there are parents who are very aggressive who come to school and have come on the playground and have hit the teachers. the teachers have insurance if something happens. one student came to school with her mother is underpants. it's not only the military that get tempted, but teachers get tempted also. host: we have a line set aside for educators this morning. we want to hear from them as well as we continue this discussion on how you would fix your school system. yesterday in washington recovered an event with florida governor je
's being called a bridge that will take these negotiations past the fiscal cliff safely and then allow longer-term negotiations on big ticket items going forward, especially the big entitlement spending, the grand bargain as it's called. gregg: yeah. >> but i would just throw in for your consideration, gregg, that what you're seeing now is, um, you know, a desire on the part of republicans politically to say to the american people we're not stuck. we're willing to do what's best for the country right now, and that's why we're going to give you something. we're going to say, yes, we're making some con educations -- concessions, we're compromising. and that will put president obama on the defensive to make the big cuts that brad and other republicans want. so it may with just now what you're seeing from chambliss is smart politics. gregg: all right. brad blakeman, juan williams, gentlemen, great to see you both. >> have a great weekend. jenna: well, thanksgiving at halle berry's house turns into a melee, cops were called at the home of the academy award-winning actress. we'll tell you wh
at but not part of the fiscal cliff negotiations. so if that is the case you change that at all right now? >> let me say this. i know that we have people out posturing and again we have all kind of folks that just want to sweep this under the rug and let the problem get even bigger. the fact is the two most important people are the president and speaker boehner. both of them in the beginning of this have shown a degree of flexibility. what we need to do, people like myself offer concrete solutions to solve this problem. when they get in their meeting they need to have these at their disposal and we as a country again need to go ahead and deal with this issue now. i know that senator durbin actually has shown some strength for what it's worth, i don't know what he will do today in his press conference but he has been more, he has been more than willing to look at medicare reform. bill: one more question. why do you want to go after revenue at all? you're $16.2 trillion in the hole? i mean your entire life any money washington gotten it has spent? >> yeah, i think all throughout this campaign repub
like spoiled children during fiscal cliff negotiations. while only 28% believe lawmakers can be counted on to behave like responsible adults. chief white house correspondent ed henry has the joy of living and reporting amongst the children. i'm not sure what that makes you but you are a chief white house correspondent so what is the latest? >> reporter: there is a still a little kid in all of us, jenna. the bottom line the negotiations are obviously reefing a critical stage. white house is trading to take advantage of cyber monday, retail holiday today to put out the report you mentioned to suggest retailers will take a particular hit if they face these automatic tax increases and spending cuts that will be kicking in at the end of the year if there is no action by the white house and lawmakers on capitol hill working together. bottom line here, republicans like jeff sessions, the budget chairman in the senate, say they're willing to negotiate on all these tax rates, tax changes, et cetera, but they want to make sure there are spending cuts to go with them. take a listen. >> our democra
know, we did just get an update from the white house on the fiscal cliff negotiations. just take a listen to this, if you would. >> the president spoke with the speaker of the house as well as the senate majority leader over the weekend. he will continue to have discussions with those two leaders as well as leader pelosi and senator mcconnell in the days and weeks coming forward. i don't have a schedule for those conversations to provide to you, but he will speak with them and meet with them as appropriate. >> senator, all this talking, will you tell us, tell americans if you're in the loop, if you are privy, tell us who is talking to who in these fiscal cliff negotiations and where are the talks happening? >> you know, i'm not included in those talks. i've been talking with the folks in my state in kentucky, though, and they're not interested in raising taxes, they think it is a bad idea for the economy. the only way to have a stimulus to the private sector is to leave more money in the private sector. the other thing that folks in kentucky don't understand is that why is it a f
said in a speech today that medicare, medicaid should not be part of the fiscal cliff negotiations. should entitlements not be on the table? >> in the meeting i had with the president and the four leaders, president obama said social security is not what we are going to do on this and i agree with him. there are things that i personally think we can do with entitlements that don't hurt beneficiaries. but i'm not going to negotiate with you simply other than to say that we hope they agree to the tax revenue that we're talking about and that is rate increases and as the president said on a number of occasions, we'll be happy to deal with entitlements. >> the congressional wisdom on a fiscal cliff deal does that include receive news and cuts. you made it clear how you feel on revenues. >> we have already done more than $1 billion worth of cuts, so we need to get credit for that in these negotiations that take place. >> senator durbin said he thinks that president obama won't include a deal [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stop
ryan, who is in the midst of all of these fiscal cliff negotiations. so it is a busy time in washington right now. and mitt romney will be coming right into the thick of all of this. but, you know, a lot of this is happening just as it seems the romney folks and people in romney world are trying to resuscitate mitt romney's image somewhat. you see stu stevens taking out an op-ed in the washington post just today, brooke, talking about how losing is just losing, and that it is not a mandate to throw out every idea that this candidate expressed during the course of the campaign, and it is not an excuse to show what he called disrespect for what he calls a good man. so we're seeing a lot of mitt romney, not just from the former candidate, but from people around him as well. and so it is going to be interesting to watch all of that tomorrow. >> obviously we would love to be a fly on the wall in the room. we will not be there. but during his first post election press conference, the president hinted at some possible discussion points. watch. >> that's right. >> how can we make the federal go
concerns behind us for the time being the focus turns squarely on to fiscal cliff negotiations in washington, and the health of the u.s. economy. >> so let's talk about something that's good for us, right? and that's home prices. they are improving and recovering in much of the country. new home sales, those numbers come out today and we learned yesterday that home prices were up nationwide by 3.6% in the third quarter. this was according to a report by s&p case shiller. that's the biggest rise in more than two years. the cities with the strongest gains over the past year. home prices in phoenix up more than 20%. minneapolis, 9%. look at that, detroit, denver, dallas, tampa, there are only two big cities with homes losing value, just a smidge, new york, down 2%. chicago down about 1.5%. >> was that 20.4? where was that? >> phoenix. unbelievable. remember they had a huge decline, and now they're crawling out of the hole. you're seeing a lot of cash purchases and investor purchases in some of these places. some people, frankly, are, you know, they're buying up retirement -- their
in the negotiations on the fiscal cliff." the indexes really took a dive. let me play you a bit of what harry reid had to say. >> there's been little progress with the republicans, which is a disappointment to me. they've talked some happy talk about doing revenues, but we only have a couple weeks to get something done. so we have to get away from the happy talk and start talking about specific things. >> so the important thing there is what harry reid actually said, which is he said that he doesn't think there's been enough progress from republicans. what he's meaning when he says that is that he doesn't think that they've conceded enough. so what the market took yesterday is a symbol that it was really evidence that the negotiations are ongoing. harry reid, the democrat, is asking for more concessions from the republicans, and in turn, republicans came out to those same cameras and expressed some criticism of the democrats. that's part of the normal sausage making process here in washington. nothing necessarily to get alarmed at and not an indicator that this deal is somehow wildly off track. it is
? >> we are seeing that the two sides are going to need to negotiate if we don't go over the fiscal cliff. i would point out that patty murray, a democratic senator from washington state says we should go over it, certainly in contrast to the rest of her party. so i think that we're seeing negotiations on both sides. but i want to point out what the fiscal cliff really means. it means the tax rates go up for everyone across the board. if you earn a paycheck, your taxes are going up. that's not just your federal income tax. that's your social security tax as well. we've been on a social security tax holiday, people are unaware of this, only as employees paying in 2.4%. after december, everyone will be paying 2% more. so this really is taxmaggedon. >> you heard it there, maria. house speaker john boehner says that he wants obama care on the table in this fiscal cliff negotiation. the president has said he's willing to thereon any good ideas. i'm not sure if he's going to think this is a good idea. you think he might listen to this one? >> i think he'll listen, but i think at the end of the
recess urged the president to make the first offer in fiscal cliff negotiations. and they expressed a new openness to raising tax revenue, if democrats agree to make cuts to strengthen medicare and medicaid. >> elections come and go. and when they go the spirit to find common ground becomes greater. >> reporter: georgia republican saxby chambliss and mark warner lead the gang of eight. four senate democrats and four senate republicans, who originally met in 2007 to craft a plan to cut the debt. >> you still don't have a final product after 2 1/2 years. why do shud we have any confidence that the president and the leaders should get anything done in the next two weeks? >> anything we look at we won't completely reform the tax code or completely make all the changes in the entitlement programs in the next seven weeks. over this last 2 1/2 years, we all know where the issues are. can we make enough of a down payment to assure the markets and put a real process in place that will allow us to work through this? >> reporter: chambliss says he and other republic
, medicaid should not be part of the fiscal cliff negotiations. should entitlements not be on the table? >> in the meeting i had with the president and the four leaders, president obama said social security is not what we are going to do on this and i agree with him. there are things that i personally think we can do with entitlements that don't hurt beneficiaries. but i'm not going to negotiate with you simply other than to say that we hope they agree to the tax revenue that we're talking about and that is rate increases and as the president said on a number of occasions, we'll be happy to deal with entitlements. >> the congressional wisdom on a fiscal cliff deal does that include receive news and cuts. you made it clear how you feel on revenues. >> we have already done more than $1 billion worth of cuts, so we need to get credit for that in these negotiations that take place. >> senator durbin said he thinks that president obama won't include a deal - [inaudible] >> first of all, the debt ceiling. we would be foolish to work out something on stopping this from going over the cliff an
. on the fiscal cliff negotiations. >>> allstate says superstorm sandy will cost it more than one billion dollars. the insurance company says 2/3 of the losses are in new york state, with the rest in new jersey and other states. sandy is expected to be the second most expensive disaster in u.s. history behind hurricane katrina. allstate is the largest publicly-traded home and auto insurer in the united states. >>> your holiday travel plans will cost you more this year. travel sites orbitz and kayak predict travelers traveling to top destinations will pay 8% more than they did last year. that is the latest from the fox business network, giving you the power to prosper. lori: both political sides publicly acknowledging that fiscal cliff talks are making very little progress. i'm shocked. melissa: it is shocking. lori: now president obama is meeting with chief executives for the second time in two weeks. can the business community muster pressure to bring parties closer to a deal. lou dobbs is here with his take. you must be surprised as well, sir? >> i am a little surprised. both sides said they wi
. melissa: three weeks since the election and no signs of promise with the fiscal cliff negotiation. can they settle differences before we go over the edge? rich edson has the latest. >> three weeks later washington politicians take the fiscal clipper demint to the voters again. obama's heads to suburban philadelphia. white house officials will say he continues to make his case to keep them where they are earning less than two 1/5 thousand and those making more. after a week of meetings of ceo and business leaders but not any with congressional negotiators. >> instead of sitting down with lawmakers to work out agreement, he is back on the campaign trail with the same talking points. >> the president tries to dramatize what the president shows the 60% of voters agree the wealthy should pay more in taxes. >> and republicans are responding that house republicans will visit local small businesses to emphasize the threat to jobs posed by the small business tax hike. lori: the epa may impose new regulations on air quality and carbon emissions and now one of particular is trying to prevent them
. >>> lobbyists are reaching out to lawmakers to protect their interests in the fiscal cliff negotiations. advocates, ask for the defense are fighting spending cuts and companies that make medical devices are trying to stop new taxes from going into effect on their products due to the new health care law. a package of tax increases and spending cuts known as the fiscal cliff will take effect in january unless congress can balance the budget. >>> time now, 7:49. police near seattle say a drunk driver ran over two holiday p shoppers last night at the a wal-mart. one o -- one of those victims was pinned beneath the suv. her injuries so severe she was air lifted to a trauma center. the driver a 71-year-old person was arrested on charges of vehicular assault. police say they did smell alcohol on his breath. >>> the black friday rush also got off to an ugly start in indianapolis. there was an angry rant and security was called in after an angry rant inside a kmart store last night. they were handed out $200 vouchers for plasma tvs and some of the shoppers began selling their vouchers to other p
to put the fiscal cliff negotiations on c-span, good idea. that was grover norquist in our last hour. he wants more transparency in the congressional talks. check the big board, not much going on, up 18 points on very low volume. i want to turn to a specific stock, sales force.com, the software company. it is way up. i want to know why. nicole: we're talking about cloud computing. i mean you know the phrase, right, and everybody has been talking about it, and now sales force involved with this. you can see here up 7%. at the same time, they had results that beat analyst expectations so the stock is up 6.7% right now. a great day for sales force.com. stuart: got it. thank you very much. california continues to push the green agenda. a carbon credit auction sells out. the state forces automakers to build zero emission cars. and remember, the president obama he won california by 20 points. mike reagan got that right. listen to this. >> does president obama win california by 10 points or 15 points? >> 20. [laughter] stuart: there's still room in my house for you in new jersey. okay? >> see y
of movement we have seen on fiscal cliff negotiations and washington. all of the highs, certainly. dagen: from stocks to housing right here at home. gaining 3% year over year in the month of september they came in a little bit above expectations. six straight months of good news on that index. bob shiller is here. can this continue in a straight line? >> a straight line, up at 3% a year. that is pretty good, reasonable forecast. it sounds like a reasonable @orecast. that is not much above inflation, but it is an increase dagen: have people's expectations of home prices and improved? heavy seemed evidence of that? >> we do a question of surveys and homebuyers. our last survey it was in june. we did see a whole lot of improvement in expectations. i am a little puzzled. part of what is happening is foreclosures are falling behind us. the index looks better because there are not as many foreclosures. dagen: is so much of it related to interest rates, bob? >> interest rates are at historic lows. that certainly is a factor. i think people have gotten kind of trigger happy with some people thinking t
in washington with plenty to do trying to negotiate a solution to stave off the fiscal cliff. everyone was getting along last friday when all of the leaders met at the white house but now that it's time to deal things are getting a bit tougher. let's bring in david and steve. happy thanksgiving, guys. thanks for getting up early with us. >> good morning. >> first one to you, david, the staffers have told politico that these talks are off to a rough start and issue is, it's the same, the revenue, how to get it. what congressman tom cole said on "jansing and company" yesterday. >> important as to how you get that revenue. i was disappointed to see leader pelosi say it had to be higher rates or nothing. i don't think that's the way you begin a negotiation. >> what about the possibility of keeping the same rates but eliminating deductions for the wealthy in. >> i think that's a good potential suggestion. >> so you hear that, republicans have opened the door to revenue but not by raising taxes. is that going to be enough? might that be the compromised point? >> if you listen to the white ho
and next year, and on fiscal cliff negotiations, the oecd said, quote, diseaecisive policy actis needed to ensure that stalemates over fiscal policy in the united states and continuing euro area instability do not plunge the world back into recession. plunge back into recession the whole world, a very bad, bad idea. >> a lot of menacing terms there. fiscal cliff a menacing term here. now we know we are just under 35 days away before we fall off that cliff. which could lead to deep spending cuts. want to bring in republican senator pat toomey from pennsylvania. he was a member of the deficit reduction super committee last year that failed to agree on a plan. but he's been talking about this issue for a long, long time. good morning, senator. >> good morning. >> we just learned that president obama will be traveling to your backyard on friday to talk about the fiscal cliff and spending, and traveling to pennsylvania right now. is this a welcome visit as far as you're earned? >> as far as i'm concerned the president of the united states is always welcome in my state of pennsylvania. we wel
to campaign mode as the white house decided to lobby for public support of his fiscal cliff policy positions rather than negotiate a compromise. president obama believing he won a mandate with 51% of the popular vote in last month's election. sitting down today with small business leaders at the white house meaning tomorrow with the ceos of larger firms and middle class taxpayers, and then a true campaign-style rally held in a toy factory on the outskirts of philadelphia friday where the president continues his christmas themed attacks against republicans and their positions. a meeting to hash out a deal with congressional leaders not on the president's schedule as of this moment. we'll take all of this up here tonight, and republicans taking action to resolve at least part of the illegal immigration dilemma, a strong moderate alternative to the democrats' dream act proposed, a dramatic republican pivot on the issue led by two outcoining republican senators who, today, introduced the achieve act. senator hitchenson of texas works on the legislation for almost a year, among our guests here to
at a rate of 2.2% this year. that's lower than previously expected. and on fiscal cliff negotiations, this is what the oecd said, quote, decisive policy action is needed to ensure that stalemate over fiscal policy in the united states and continuing euro area instability do not plunge the world back into recession. and, here in sandyland, many people have been in the dark for days. some for weeks, after superstorm sandy. and some are now getting power bills that show normal usage. the long island power authority is assuring customers, don't worry, the next actual meter reading will reflect how much you've used, and they'll adjust your bill, and i'm telling you, there are some lipa customers right now who are outraged. after all they've been through. >> as well they should be. >> they are getting electricity bills reflecting normal usage, and for many of them it's been days, some of them it's been weeks with no power. and bring you up to speed on cyber monday. what's your best guess on what people were out there buying? >> i would have thought apple products? >> yeah. had to be electr
enough negotiating about the fiscal cliff. -- fiscal cliff. instead he is taking his pitch to the public. >> reporter: instead of negotiating directly with republicans, president barack obama's schedule is focused on a more public outreach. they ask for public feedback and the obama campaign is more detailed about the president's plan to avid the visibility -- avoid the fiscal cliff. he met with small business owners and he meets with ceos and in middle-class families today and he takes his message on the road friday and republicans say, enough campaigning. >> it seems our friends on the other side are having difficulty turning off the campaign, we need sit down and work this matter out. >> reporter: they have a my 2k retch reference to -- reference to the 2,200 dollars tax increase that middle-class americans would see if the bush era taxes are not extended. ktvu channel 2 morning news allison burns. >>> time now 6:16, well the florida socialite involving general david petraeus is now speaking out. jill kelley hired a well-known lawyer in washington d.c. she has released phone recording
to keep benefits off the table during the fiscal cliff negotiations. that means focusing only on raising taxes and cutting spending. other democrats though are willing to concede on some programs like medicaid but they are saying no drastic changes and they will only accept small cuts if republicans agree to raise taxes. there is some pressure coming from capitol hill to agree to a grand bargain quickly. mainly so that congress can reach a deal before the end of the year. but if the president does go for a plan that ends up slashing entitlements, he can definitely expect an uprising from the democrats. in addition to the fiscal cliff congress will need to also deal with a debt ceiling. now harry reid is calling to combine the two saying that any budget deal must also include an increase in the country's borrowing powers. the white house's official stance that john boehner will have to raise the debt ceiling but so far president obama is not requiring the two deals to happen simultaneously. more bill coming up.
by aarp. don't wait. call now. >>> a lot to talk about the so-called fiscal cliff. we will face tax heights unless we reach a debt reduction deal. there is no public evidence of progress in fiscal cliff negotiations as of this moment. sometimes on capitol hill, people suggest no leaks is good news. but others suggest the two sides are simply staring each other down on the key obstacles and posing for pictures in the meantime. >> there was plenty of public pho photo-ops around town. >> but in private, few signs of progress among negotiates. one veteran house republican is making waves, essentially agrees with president obama. >> my view is that 98% of my constituents don't need a tax increase. >> i applaud representative kohl for that common sense and brave position. but one key sticking point is taxes. democrats want to extend the tax rates and allow them to jump for wealthier americans. and cole said he does not recommend a tax hike for the wealthy. >> we all agree that we're not going to raise taxes on people that make less than $250,000. we should just take them out of the discus
, welcome to "squawk on the street" i'm carl cramer is off today. some word the fiscal cliff negotiations are not getting off to a good start. moderate red arrows. european leaders failed to reach a bailout payment to greece and will try monday. road map starts on the busiest travel day of the year. there are signs it could be a big quarter for airline and travel, but traditional toys look weak. walmart may have protesters outside its doors on friday. >> deer misses earnings, and the market shrugs it off. >> turmoil in israel with a bomb explosion on board a bus today and a rumored cease-fire that never happened. crude is up $1 as the secretary of state has arrived in cairo. a big day full of planes, trains and automobiles with tens of millions of americans set to embark on their holiday weekend journeys. our phil lebeau is in chicago with more on the holiday travel landscape. how painful is it going to be? >> you know, carl f you're traveling, you always need a little more patience thanksgiving weekend. for the airlines, they're keeping their fingers crossed because if you look at a map
. coming up on "cbs this morning," an update on negotiations to avoid the fiscal cliff. plus, a warning about pork chops and ground pork and the harmful bacteria they may harbor. and pastor rick warren on the tenth anniversary of his best-selling book, "the purpose driven book." take care, everybody, have a great day. ,,,, i'm frank mallicoat. and i'm michelle griego. tis 4:-- developing n >> your realtime captioner: linda marie macdonald. >>> good morning. it's tuesday, november 27. i'm frank mallicoat. >> i'm michelle griego. time now is just about 4:30. we're following some developing news this morning. an armed man keeps police in a standoff through the night and you are looking live at the scene right now off treasure island. cbs 5 reporter elissa harrington is in san francisco with more exclusive video of the standoff on treasure island. she joins us now with the very latest. good morning. >> reporter: good morning. well, this standoff started around 11:00 last night so we're going on almost 6 hours. in this video you can see police officers and the suspect holding a gun
a deal object the debt ceiling during negotiations on the fiscal cliff. and apparently in the conversations that the president had with the house republican leadership, house republicans said if you want the debt ceiling raised in this deal you have to offer something else as part of the deal. >>> u.n. ambassador susan rice is going back to capitol hill today to meet with other senators to try again. today she'll meet with senator susan collins of maine and bob corker of tennessee, both have been surprising public critics. her day one defense of her response in the benghazi attack and fence mending efforts to put it bluntly didn't go so well. >> we are significantly troubled by many of the answers that we got and some that we didn't get. bottom line, i'm more disturbed now than i was before. >> i want to say that i'm more troubled today. >> i'm told the meeting itself didn't go as badly as it sounded there. that said graham compared rice to john bolton who democrats blocked after bush nominated him to be u.n. ambassador. remember, he ended up being a recess appointment.
ground here in washington. as we negotiate a path back from the fiscal cliff, we should also recognize when democrats and republicans agree. we agree taxes should not go up for anyone making less than $250,000 a year. 97% of small businesses and 98% of middle-class families would benefit from that. with common ground in sight, we should be able to act today to avert the fiscal cliff for millions of families and businesses. even if we disagree on whether to extend tax breaks for the wealthiest 2% of americans, we should agree to hold the middle class harmless and do it today, do it mao. a single vote in the house of representatives would get the job done now. unfortunately, there's one obstacle standing between congress and a compromise: grover norquist. for years, no norquist has bulld lawmakers. his brand of ideological extremism has been bad for congress and even worse for the congress. so i was pleased to see republicans in congress distance themselves from norquist this week. i appreciate that etch have. and so do the american people. and i'm sure their constituents do. several rep
. the fiscal cliff negotiations. erin burnett is going outfront on this story with one of the key senators of the talks. what's going on? >> mark warner of virginia, one of the wealthiest men in congress and a democrat, of course, wolf, he's been working on this for years and he's frustrated tonight. harry reid said he's frustrated a deal isn't close, the market fell. the implications here are serious. senator warner comes outfront to talk about what he's will go to do on tax rates and has an interesting idea on that. and we're going to talk about the definition of motherhood. a woman and her best friend decided to have a child together, his sperm and a donor egg. and after she gave birth to the child he said i'm gay, i'm the biological father, i want the child. what happened? a judge has just ruled on this. a pretty fascinating definition of what a mother really is. that story also at the top of the hour. back to you. >> look forward to the show, erin, thank you. >>> up next here, christmas carols with a touch tone twist. on the new way to sing holiday favorites. ♪ list of almost two th
states today. >> dick, thank you very much. >>> coming up, economic data, fiscal cliff negotiations, geopolitical concerns. kevin ferry will connect the dots for us. [ male announcer ] this december, remember -- you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of
: president obama and congress begin negotiations this week to avoid are the coming fiscal cliff, about $6 billion in tax hikes and spending cuts that will kick in. both sides say they're looking for ways to compromise. >> that's what it's about, if regan and o'neill can do it, obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key is whether or not the republicans will move away from the id logically rigid tradition which was the grove pledge that they will not go for additional revenue. >> reporter: for the first time the antitax pledge seems to be negotiable. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid the coming grief and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >> i would be very much opposed to raising tax rates, but i believe we can close a lot of loopholes. >> reporter: and democrats say just closing loopholes and cutting deductions isn't enough. >> we have to raise additional re
: democrats telling the president we should go over the fiscal cliff and negotiate after. what that could mean to you. heather: major changes are coming to our healthcare system. specifics how it will affect you and your doctor. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. ." heather: fox news alert for you, ramped up diplomatic efforts to bring a cease-fire to the middle east. as violence between israel and hamas escalates massive new explosions seen in gaza city this morning after terrorists bombed a bus in tel-aviv. welcome to a brand-new hour of "america's newsroom
. >>> now, let's head to wall street. >> good morning, nootly. after intense focus on the fiscal cliff negotiations, the markets could put the spotlight back on the european debt crisis amid a deadlock in greek debt talks. it's going to be a quiet day. it's the day before thanksgiving. u.s. economic data is not yet on the -- consumer sentiment data, jobless claims and an outlook indicator to give us guidance for the markets today. >> mandy drury, have a happy thanksgiving. >> you too. >> thanks. this could be the best night on the basketball court ever. jack taylor obliterated the ncaa record last night when he scored and scored and scored again. 138 points in a single game. making 52 of 108 attempted shots. the previous scoring record was set back in 1954 with 113 points. the feat is so impressive even the pros are tipping hats with kevin durant tweeting, jack taylor, you deserve a shot of jack daniel's after that performance. not going to help him out in his performance ahead. we'll talk to him, though, coming up shortly. which is fantastic. matt, savannah and al. >> his arm must hur
. >> first from fox at 3:00 in new york city the fight over the so-called fiscal cliff has gone from negotiations to playing out in public. today the president laid out the plan to step the looming tax hike in a public push that seemed like a campaign event. president obama meeting with a group of what he described as middle class americans, and repeated the argument for raising taxes on families earning more than $250,000, a plan which republicans so far reject. the president said the re-election shows a majority of americans support his approach. >> not just democrats but also a lot of republicans and a lot of independents agreed we should have a balanced approach to deficit reduction that doesn't hurt the economy or hurt middle class families. glad to see if you have been reading the pains more and more republicans in congress are agreeing with this idea we should have a balanced approach. >>shepard: he referenced some in the g.o.p. who signal they could be willing to play bull. the republican leadership still is insisting they will not consider tax hikes. >> republicans are willi
. president obama and congress begin negotiations this week to avoid the coming fiscal cliff. about $600 billion in automatic tax hikes and spending cuts that will kick in at year-end. both sides say they're looking for ways to compromise. >> that's what representative government should be about. no one gets all they want. if reagan and o'neill could do it, boehner and obama should be able to do it. >> reporter: but republicans have consistently voted against any deal that raises tax revenue. >> the key here is whether or not the republicans will move away from the ideologically rigid position which has been the grover/norquist pledge which most of them signed that they will not go for additional revenues. >> reporter: for the first time, even the anti-tax pledge appears to be negotiable. several republicans are indicating they're open to breaking that promise. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> reporter: but new revenue doesn't necessarily mean new taxes. >
an even better negotiating position. do you support perhaps going over the fiscal cliff? >> i believe that at the end that won't happen. i think that would have very tough consequences because you know we're not just talking about the bush tax cuts but the alternative minimum tax, talking about payroll taxes. we're talking with about the fix. so there are several things that would hit taxpayers. what the president has proposed and what i support is reducing taxes on 98% of the u.s. public and that is reducing taxes -- or keeping the tax cut in place for those who make less than $250,000. you know and i know that what tends to happen in these situations is at the last minute things get resolved. i don't think they will be resolved as big as tax reform, but i do believe we will resolve it and will not have to result in the united states going over the fiscal cliff. i think it would send a very dangerous significaal around th world, but it would also compromise our economy. >> and, quickly, there's a lot of speculation about what type of deal, what the deal will actually look like, talks
you. >>> to politics now and taxes. they are at the heart of the negotiations over the fiscal cliff. and now georgia senator saxby chambliss says a no tax pledge signed by most republicans is standing in the way of getting that deal done. >> times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got to figure out a way to pay it. >> that pledge was written by grover norquist and his group americans for tax reform. norquist talked about this on cnn's "the situation room." >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> we've got 38 days before we go over that cliff. if there's no deal before the end of the year, taxes will go up for every american. >>> amid fears the ce
negotiators, this a fiscal cliff, you are putting pen to paper. >> both sides have to offer something. >> they have. neil: democrats ? >> grand bargains, and concessions on addressing entitlement. neil: today carney said leaving social security alone. >> i have not heard any on concessions. >> obama did come to table on certain things, as did john boehner, unfortunat unfortunatea tea party guys came to the table. neil: that is mark. >> once again year irrelevant. this is the tea party guys fault. this is against mainstream, all of them want big spending, that is what they are looking for, maintaining a big government is in their interest, people cannotment it any more despite electoral results exit polling show people' less deficit, less debt they are worried about long terlong-term financial security. >> they said they would like to raise taxes on 1% of earners. >> they are so evil. >> thank you very much. you might have heard about this you get a blue flu shot every year this time, what if i told you, there is a place, you don't get a flu shot, you loss your job. talk about a real n
and didn't. >> we weren't going to get the negotiations required to sail off of the fiscal cliff. >> there's the tax hike romney's question i consider them very different projects. obama is trying to put them together. the same way he wants you to -- what i hear is that one or all of them will be sailing off january 1st and the quit jumping medicare because they get 30% less i believe the member is the payroll taxes go up which weeks all the people of that have never heard of the sequester. i am having a very difficult time visualizing with what february looks like when the press gets a hold of this and then all of a sudden we also have the debt limit. i just can't see what we are going to do. >> the debt limit is an additional tool to explain to obama that he isn't the king and like henry viii you have to go to the parliament for money. he might want to nationalize monastery's but i don't think he can get as much these days as back then with that approach so he has to go to the parliament, has to go to congress for the resources for the debt ceiling, for all of these things. and look it w
, most of it, going to on, on the fiscal cliff, he wants it to end, all out in front and public. >> staff negotiation go on all of the time, i worked on the hill long enough, that is the bulk of it. >> senator sessions that been there a while too. >> it would be great to have it out in open there is a lot of staff stuff that guess on behind the scenes, but regard to push it down the road, that is what i was talking about you will get into a midterm election year, this issue will be front and center, there are 33 democrats have to defend 20 of 33 senate seats that will be up, there is a well the at stake, which party beneficials from having it be an elect year. lou: i'll make a forecast, if this is the issue in midterms we're in such deep trouble that would be least of our concerns. doug, let plea turn to you, benghazi, and ambassador rice coming out, this is bare knuckled transparent politics. >> it is bare knuckles and so confused what is going on, nobody can follow it hope that american media with the exception of fox news turns away, that is what is going on, there is story after story
negotiations this week to avoid the coming fiscal cliff. >>> a pilot from nevado and his passenger are recovering after making an emergency landing. >>> from across the bay to around the world, the stories that matter on eyewitness news this morning. >>> good monday morning everyone, november 26th. right after turkey day i'm frank mallicoat. >> and i'm michelle griego. time is 5:30. >> drivers be aware, if you're commuting this morning, a lot of heavy fog around the bay this morning. visibility is especially bad on major bridges. cbs5 reporter, anne makovec is on the embarcadero near the bay bridge with conditions. good morning. >> reporter: good morning very foggy at ground level. that is the bay bridge above me. you can't see it very well because of the fog. it is very heavy right now. you can just see the lights of the bay bridge. this is a warning really to all drivers. we took this video, about 40 minutes ago at the bay bridge toll plaza and you can see difficult for drivers right now. it's one of those situations where you're driving along and suddenly you hit that wall of fo
sure that the nation does not go off the so-called fiscal cliff and he's negotiating with republicans behind closed doors but obviously making his case to the public, very much putting pressure on those members of congress to do it his way as well. so we'll have more on that. >>> we're also following another story. this is backlash on capitol hill. this is criticism of the u.n. ambassador susan rice. it is now heating up as she meets with more republicans and faces more questions. we're going to have a live report up next. [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. or protect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically y
cliff negotiations? doubtful guest:, i don't see that. there is still a lot of concerns as to what congress and the ministration will be able to do by the end of the year. as much as consumer spending is significant to the economy, the two are on separate plants as how the market used them. host: why is that? guest: the idea of the fiscal clef -- the negotiations behind them -- speak about certainty in the marketplace. the markets need a certain level of that to feel comfortable and perform well. we may see a bit of an uptick in the performance but there is still looming concern of our -- of whether or not there will be an agreement on taxes and government spending. host: we will go to massachusetts, he plans to spend more. caller: good morning ladies, you look attractive and colorful this morning. i will spend a little more because my gran mom -- my granddaughter is about a year old. as a society, i think we are consumer-based. after the financial crash of 2008, i know myself, i cut back and everyone cut back -- businesses, personal spending -- as americans, it is ever -- it is in
the role that states or local governments should have in negotiating the fiscal cliff and the issues before washington? a republican caller from michigan. caller: yes. thank you for taking my call. all i wanted to say was, we are already represented in the congress and the senate for the fiscal cliff. host: you think that is enough? caller: i think that is enough. all we have to do is call our senators and congressmen and give our opinion there. host: here is the headline in the "the new york times." we have a tweet that echoes with the last caller says. charlotte on the democrats' line. caller: hello. how are you doing? i agree with the last caller that clarified it constitutionally, no, the states should not have any say in the federal budget. i agree with the young man from alabama. that would be in the south oppressed people. our representatives have a different agenda than the federal and the north and east and west. it is oppression and oppression of women and people of color. it is awful. no, you saw with the states did with voter oppression individually. we cannot afford that. host:
care and john boehner, if he seriously thinks it's up for negotiations in this fiscal cliff talks has to be crazy. out of his mind if president obama or democrats have a reason to give up on something that the american people approved. it is just not going to happen. they need to move on. >> zachary, one thing about the fiscal cliff, because there are certain rumors, whispers, that is, from senator like patty murray who says that they would be willing to see the country go off the fiscal cliff. are there benefits to watching everybody go over? >> well, look. this like the debt ceiling is a created, dramatic target date. meaning, it is true that all of these things would happen if january 1 comes and for the entirety of 2013 neither congress nor the president agrees on any changes and then the forecasts of the consequences of these -- >> the sun comes up on january 1st. right? >> it still does and then $4,000, $5,000 hit to middle class families and only true if a year passes with this going on and congress does nothing. i would say if you're dramatically cynical and the state of washi
's presidency. >> now they're trying to drag it into the negotiations over the fiscal cliff. >> we have a new message from congressman boehner. >> we can't afford it, we can't afford it and we can't afford to leave it in tact. that's not a new message. >> can you say it was done openly? >> that is not a new message. >> they have been defeated three times. >> we had an election. >> the american people have spoken. >> elections have consequences. >> we're not going to change anybody's mind. >> they need to move on. >> we had an election and they lost. >> i want to thank everyone who participated in this election. >> the presidential pardon. >> the winning turkey can thank his stellar campaign team. >> turkey pardon at the white house. >> these birds are moving forward. >> a very happy thanksgiving. >> a very happy thanksgiving. >> happy thanksgiving. >> and happy thanksgiving. presidential campaigns, they usually focus on, well, you might say hope and change. the candidates promise big grand new policies and how everything will be different and they get elected and go to congress and congress u
. they are at the heart of the negotiations over the fiscal cliff. democrats want to raise them for the wealthy. republicans say no. >> now one leading republican may be breaking ranks. georgia senator saxby chambliss now says a no tax pledge signed by most republicans is standing in the way of getting a deal done. >> times have changed significantly. i care more about this country than i do about a 20-year-old pledge. i think we owe the debt and we've got figure out a way to pay it. >> specifically, chambliss was talking about grover norquist and his group americans for tax reform. they put out that no tax pledge. norquist talked about it on cnn's situation room". >> the commitment he made to the people of georgia was not to me. it was a written commitment to the people of georgia that he would go to washington to reduce government spending and reform government, not raise taxes. if he wants to change his mind and become a tax increaser, so we don't have to reform government, he needs to have that conversation with the people of georgia. >> there are 38 days left till we reach the fiscal cliff
. they are headed to the white house today weighing in negotiations over the fiscal cliff as the president tries to pick up outside support for his proposed tax increases. doug luzader joins us live from washington with more. hi, doug. >> ainsley good morning. business leaders are pleading with the white house to come up with some kind of a deal to assert spending cuts as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress ac
chairman talked about the fiscal cliff urging congress to negotiate a deal that will begin to take effect next year. he said the central bank will aid recovery but can't offset the full force of the fiscal cliff. from the economic club of new york this is about>> thank you very much. 50 minutes. good afternoon. it is nice of you to join me for lunch at this intimate gathering. i know many of you and your friends and neighbors are recovering from the events of hurricane sandy -- i want to let you know our thoughts are with everyone who has suffered during the storm and its aftermath. it has been a very challenging time for new york city. i think you have shown quite a bit of fortitude in coming back and getting back to business. my remarks today are going to focus on the reasons for the disappointingly slow pace of economic recovery in the united states, and the policy actions that have been taken by the federal open market committee to support the economy. in addition, i will discuss important economic challenges our country faces as we close out 2012 and move into 2013, in particular the
with the fiscal cliff. i want to go to your call for a special prosecutor. on benghazi, but, going to the fiscal cliff, the speaker making it very clear, that he's going to approach the negotiation of the white house, on the cliff, positively with some sense at least of accommodation, potential accommodation, if his terms are met. that is positive stuff, don't you think? >> well, it is positive. but, there's a lot of pressure, right now, and, of course, pressure is what you can use to take care bonn and make diamonds. this is the time to be bold. this is not the time to be defensive and i'm glad the speaker has come forward with a proposal but, the thing is, we ought to be taking the president's words and sticking them back with him. he wants everybody to pay their fair share. let's do it. let's have capital gains, 15%. let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in perc
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
to avoid the so-called "fiscal cliff" looming at the end of the year. this week, a group of christian leaders urged congress and the president not to cut anti-poverty programs as they struggle to reach a deal. in an open letter, the leaders said "we pray during this season, in which we give thanks and offer gifts, that you will advance policies that protect the poor, not ones that make them poorer." >>> meanwhile, a prominent christian advocacy group said while some progress has been made in fighting hunger and poverty worldwide, much more needs to be done. in its annual report, bread for the world called for a renewed push in meeting a series of international goals, including a pledge to cut poverty and hunger in half by the year 2015. the group said in order for those goals to be met, there will need to be continued strong support from the u.s. >>> when the newly-elected congress is sworn in in january, it will be more religiously diverse than ever. the 113th congress will still have a protestant majority, but for the first time, it will include a hindu representative, a buddhist se
and more compromise to be made in order to avoid the fiscal cliff. it will require give and take negotiations particularly on raising taxes but republican law americas who pledged to not vote for anything with a tax increase now appear ready to relinquish that pledge in order to avoid the looming fiscal crisis. >> when you are $16 trillion in debt the only pledge we should be making to each other is to avoid the grief and republicans should put revenue on the table. >> so everything is on the table and campaign raising taxes on the wealthy is relying on treasury secretary tim geithner. his team will works on issues like medicare even social security. they hoping to avoid a repeat over raising the debt ceiling in 2011. they hope the geithner team can reach an agreement with all of the parties involved in order to avoid tax increases. john boehner will likely make the final decisions on what the team decides in terms of the deal. >> thank you so much. >> it is time now to take a look at who is talking and thousands taking the streets in cairo after mohammed morsi taking total contr
the next few weeks with this looming fiscal cliff. rick: i want to talk to you more about the negotiations over the fiscal cliff in a second, but as far as the consumer confidence part of it goes -- >> yeah. rick: -- where do you think that's coming from? is it just because the election's over in people naturally sort of start or to feel a little more confident no matter who wins? >> yeah, that's exactly right. people kind of happy all the negative advertising, i live in virginia, we were just deluged with negative ads against obama and romney and all the candidates for month after month, and now you're getting a little sense of relief that we're back to normalcy. rick: you know, okay. so the role that consumer confidence can play, because i remember talking to you, gee, must have been like 2009, and the president had just taken office, and the economy was really on a downward slide. >> right. rick: and consumer confidence was low, and a lot of people like you said that that was contributing to the slide, the fact that people had such anxiety about the economy. so conversely, if people are
it could be the beginning of simultaneous tax hikes and spending cuts. >> talking about t fiscal cliff and everyone is talking about it including the u.s. federal reserve chairman ben bernanke. he warned the imminent fiscal cliff poses a stashlg threat to the nation's economy and does say cooperation to resolve budget worries could boost u.s. growth. >> the realization of all of the automatic tax increases and spending cuts that make up the fiscal cliff ab isn't offsetting changes would pose a substantial threat to the recovery. >> the central bank chief urged the government and congressional leaders to take prompt action. president obama is negotiating for a resolution with republicans but bernanke says delays in reaching an agreement would raise uncertainty over the u.s. economic outlook. he added avoiding a fiscal cliff is essential for the american economy. bernanke says a plan for resolving the nation's longer term budgetary issues without harming recovery could make 2013 a very good year for americans. japan's trade balance for october sank into the red for a fourth straight mont
're trying to drag it into the negotiations over the fiscal cliff, which does not sound like compromise to me. what am i missing? >> what they're thinking here is you can use smoke and mirrors to block the thing. you can send misses to health and human services to gin up all kinds of things to keep republicans happy. they're talking about blocking implementation of something the american electorate has voted on and supreme court has held constitutional. i find this to be a little scary. >> i think it's a lot scary. i think it outs them about not being sincere about wanting to work with the president at all. a final question to you. a month from today the congress is going on vacation. that's how long we have to get this fiscal cliff situation. are democrats going to hold their spine and stand up to republicans on this? there's a lot of anxiety on the left about this. >> i think there is. while i think the president, if he could get it, would like to have a big deal before christmas. i think it's doubtful it will happen. i think the john boehner op-ed shows you why. boehner is still guarding h
support for a deficit deal. as negotiations continue over the fiscal cliff, we go back to august 2011. reviewing some of the debate and news conferences, the budget control act created those cuts set to take effect in january. that begins tonight at 8:00 eastern here on c-span. >> you listen to maitre bloomberg who said that the damage was unprecedented. that it may be the worst storm the city has ever faced. governor christie said the damage in new jersey was unthinkable. we had a fires. we had hurricane-force winds. we had massive of flooding. we had feet of snow. you look at that, the flooding of the subway systems, the shutdown of the stock exchange, you start to get a sense of the massive scale and scope of this storm. and yet, the networks performed. carry dozens of stories about how many consumers only wink to information was through their smartphones. linking social media and their smartphone. while there was obviously an impact, i think the networks performed really well. >> some networks did well, some networks did less well. we do not have a solid information about this bec
.com. talking about the fiscal cliff and how to avoid it. and the negotiations now underway. what's up? >> we're tweeting at bp show at bp show. you can find us there. we've been getting a lot of comments on twitter from people saying forget it. let's just go over the if is cal cliff. it is -- let's go over the fiscal cliff. here's one comment that encapsulates what a lot are saying. we must go off the cliff. it is the only way we'll get real cuts to out-of-control military spending and taxes raised on the rich. i'm throwing it out there for you two big brains to discuss. >> unfortunately, i can understand the sentiment but it is probably not right. going off a cliff is the worst fiscal policy we could do. the economy is not in a position right now where it can handle that big of a reduction. should we do those things? that is cut military spending? but it's gotta be done in the proper context at the right time. more gradually. so you know, it's going over the cliff would accomplish those things but it would also
don't work. >> and negotiate a pragmatic deal on the fiscal cliff put yourself in a hole you won't get out. >> and what's the prague matism, prime minister is claiming. >> 4-1 tax spending cuts. >> i haven't heard that. >> i think that's what he's going to come up with. >> and they go back to the clinton tax rates and it's not going to solve anything. and as if to say. >> the other part, you have to take out spending and entitlements, he didn't do it, i'll grant you that, didn't do it because he was trying to contact the base on the left and-- >> and no, no, i said to win the election. as a president he's going to govern, you watch much more centrist and if the republicans don't set the table, this'll look at whacko right wing. >> they have been at the table. >> my gut is he's going to be a centrist and they'll get a deal. >> there you have it right here. coming up, does the tea party play an effective role in this year's election. that's ahead. ♪ ♪ >> welcome back, everybody. less than three weeks since the election and it's divide not between democrats and republicans, however,
think about all this, carol, with 36 days to go until the fiscal cliff? take a look at brand-new numbers from cnn/orc, national poll. we asked the effect of this fiscal cliff. if the country goes off the fiscal cliff, the effect on you. look at that. 24% say it's a crisis. 44% say major problems. who would be responsible if there is no agreement? the blame game. take a look at that number as well right there. put that back up. who would be most responsible? 45% say the republicans in congress. 34% say he would. 15% say both sides would be blamed. one other takeaway? people want mixture. they're not very optimistic a deal will get done. >> let's talk about grover norquist for just a bit, paul. so most americans want taxes raised on the wealthiest americans. we just saw your poll there that 45% of americans would blame republicans if there's no compromise reached to avoid this fiscal cliff. so why is grover norquist still so powerful? why does any republican care? >> well, this pledge has been around for 25 years. that's a long time. it stood through a lot of different crises. take, for in
, and the president. do the senate republicans have any sort of active role in this discussion on the fiscal cliff? >> yes. obviously we're leaning to speaker john boehner and the house, the republican negotiating position, and the president representing the democrats in both the house and senate, to make the -- to kind of present the -- their conclusions to the rest of us, but it still has to be voted on in the house of representatives, the republican house members need to support it for it to pass. in the senate, it's not just enough for 51 democratic senators to be supportive. the rules here permit the minority to have some rights. at least we still have some rights until the rules are changed. as a result we do have a voice. it has to be something that's acceptable to senate republicans as well as house republicans. >> greta: have you seen any indication that senator harry reid wants to cut any of the spending? >> no, no. >> greta: none? >> you never get him to talk about reducing spending by a dime. it's always about adding revenue. they're not even satisfied to have more money. they have to
treasury secretary tim geithner to lead negotiations on these fiscal cliff talks. rob and paula, back to you. >> both sides are going to have to give a little. both sides. should be interesting. the president now trying to make a public push. he's meeting with business leaders to try to sell this plan. the white house warning closer and closer, the average family will pay $2,200 more a year in taxes if we go over the cliff by the end of the year. >> republicans coupling this with the entitlement program saying, we will do this if -- comes down to say they're closing tax loopholes, yes, we will do so. raszing taxes, they don't want to do so. >> the president said during the first news conference. look, i understand the loophole argument you are making that is not enough money to get us where we need to be. seems to be a divide there. intense negotiations you can imagine behind closed doors and in front of the camera. >> closer we get the more leverage the president has. >> merry christmas, everybody. >>> well, moving on now to a unique brand of football from northern minnesota, the sta
be negotiating, not campaigning. he's not the only politician planning a fiscal cliff road trip. we'll go to the white house and the fox report coming up in a bit. first, hours ago, more than 200,000 people crowded into the central square in cairo to call for an end to the new egyptian leader's regime. it was an enormous show of strength from the opposition that spent days blasting egypt he is new president, morsi. he upset just about everybody last week when he decided to give himself broad new powers that say his decisions don't need approval from any court. essentially he's above the law. really no different than a dictator. protests showed their across the country, some of them violent. street fighting this between demonstrators and police. president morsi tried to calm the criticism by promising to reserve his new powers for only the most important decisions. but that didn't appease the protesters. remember, just last week, the united states was publicly praising president morsi when he helped end the conflict between israel and gaza. the white house says president obama has not spok
. >> will be right back. >> the fiscal cliff remains the focus today, as investors awaited further news on the negotiations. u.s. stock futures are lower in early trading. u.s. stocks ended the day lower, as read some comments sparked a late today sell- off. on tap for today, investors will get a look at the health of the housing market, when the census bureau work release of october's data on new home sales. later this morning, the federal reserve released the october edition of its beige book, a survey of regional economics. apple has reportedly fired the manager responsible for its troubled mapping software. richard williamson, who oversaw the mapping team, was pushed out by senior vice president eddy cue. will some follows in the footsteps of i o s software head scott forstall, who was fired a month ago after refusing to apologize for the maps launch fiasco. >> protesters are calling on the president to scale back his new powers. take a look at video from protesters last night. tens of thousands of people packed the tahir square last night in a demonstration that was mostly peaceful
off the fiscal cliff. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. is it a negotiating ploy or really what president obama beliefs can happen? the president may be going down a new path tonight in deficit reduction efforts. it's a path that is sure to lead to many obstacles from the other side. chief white house correspondent ed henry has the new developments in a time sensitive story. >> in a dramatic move today, president obama seemed to be trying to split the budget talks to two pieces. suggesting he and lawmakers come up with spending cuts next year after they avoid the fiscal cliff, by extending middle class tax cuts and raising taxes on the rich. >> it would give us more time than next year to work together. on a comprehensive plan to bring down the deficit, streamline our tax system. do in a balanced way. >> the president apparent shift away from spending and tax altogether now in a big deal could increase the chances of a market rattling fall off the cliff. since the republicans want spending cuts included. >> republicans are willing to put
about the fiscal cliff. we'll see what happens this week because these negotiations continue. but those shopping numbers have given people a lot of reason to think maybe there's some good news out there. we see the numbers coming in on this today, cyber monday,s biggest online shopping day. $1.5 billion in sales. chuck, i will admit, on amazon this morning, i got shut out by the deals i wanted to get. hey, it's worth a try. >> i guess you have to right that "r" button, refresh. thank you, becky. >> thank you, chuck. >>> one of the tasks of political strength, how do you fare in unfriendly it territory? in today's deep dive we're taking a look at the democratic senators holding seats in some of the reddest presidential spots on the map. take a look at this. in the new congress a dozen democrats will hold seats in states that voted for mitt romney. one in alaska, ed north dakota, south dakota, missouri, arkansas, louisiana, indiana and north carolina. democrats hold both senate seats in west virginia and montana. two members of that democratic class were newly elected this year. joe donne
negotiate a deal to try to avoid the coming fiscal cliff. our chief white house correspondent ed henry is live at the white house. so what are we expecting from the president today, ed? >> reporter: jon he is going to meet with business leaders as you say later this hour. he will come out and talk about where he believes these fiscal cliff talks are. you remember on friday he will be in pennsylvania for essentially a campaign-style event to try and pressure republicans to move forward in these talks. the white house also has this new twitter campaign they unveiled today, the hashtag, my 2 k, as in $2000 believes middle class families will get if the president's push to extend bush-era tax cuts for the middle class to continue. republicans have been saying that is all about campaigning. jay carney, the white house spokesman says it is about engaging the public. take a listen. >> the president spoke with speaker of the house boehner and senate majority leader reid over the weekend. our team is continuing discussions with their congressional counterparts on this matter, and it is entirely
, no schedule for negotiating on the president's schedule, just about 30 days until the fiscal cliff arrives. the "a-team" is here to tell us what the president is doing. what is his real game? what is up on capitol hill? regal explain the president's strategy. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. intrucing the ishares core, building blocks for the heart of your portfolio. find outhy 9 out of 10 large professional investors building blocks for the choose ishares for their etfs. ishares by blackck. call 1-800-ishes for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ lou: well, joining us now, economist, author, a pulitzer prize-winning new york columnist, fox news contributor, and democratic strategist. the you think we're going to go over the cliff? >> absolutely not. lou: will stop at? >> one, i think the president's lead, but also the fact that
that if morsi does not rescind his new powers, the military will likely step in. the looming fiscal cliff, jay carney says everyone has expressed a desire to hammer out an agreement, but he did not give any details about the negotiations so far. the producers of "dallas" say that i are will be giving j.r. ewing a proper sendoff, they are working on the a way to write write the character off the show, after he died on friday. he had filmed six episodes for the season. move over, justin bieber, you have been overstepped. south korean rapper cy has been viewed more than 805 million times. bieber's video, baby, has only 803 million views. those are the top stories right now. >> shannon: something tells me the bieber fans are not going to take that lying down. >> reporter: i don't know. i heard they're a tough bunch. vinever had to deal with them. but it's interesting that this style is so popular here, shannon, because almost the entire thing is in korean. people have no idea what he is saying. >> shannon: luckily, we sweep that and i am interested in the mashup he did with m.c. hammer. >> shannon
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